Wells Fargo Could Claw Back $17 Million From Retiring TolstedtBy and
Unvested stock can be recouped following ‘reputational harm’
Clawback decisions will be made by board, CEO Stumpf says
Wells Fargo & Co. could recoup about $17 million in unvested shares from retiring executive Carrie Tolstedt, a fraction of the compensation the former head of community banking has received over her 27-year career, according to figures compiled from regulatory filings.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- The U.S. Drops Out of the Top 10 in Innovation Ranking
- Here’s What Trump’s Tariffs on U.S. Imports Are Doing to Markets
- Musk's New Pay Deal Could Make Him the World's Richest Man—If Tesla Succeeds
- Trump's Tariffs on Solar Mark Biggest Blow to Renewables Yet
- This Rare Bear Who Called the Crash Warns Housing Is Too Hot Again